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In 2Q16, $CMA had net income of $154MM in its largest segment, Business Bank, which was down compared to $181MM in 2Q15. The Retail Bank segment posted a net loss of $2MM in 2Q16. The Wealth Management segment posted net income of $13MM, a decline versus 2Q15.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.